Stacy Steimel, managing director, portfolio manager, and head of Latin America Equities, said her firm currently has a preference for the secondaries market, focusing on smaller transactions, as well as private credit.
First Trust AlphaDEX ETFs approved for sale to Mexican pensions
November 19, 2014 by
First Trust Large Cap Value AlphaDEX and First Trust Large Cap Core AlphaDEX provide pension managers an index-based option that seeks risk-adjusted excess returns over time by selecting and weighting stocks based on fundamental merit-based factors.
Enrique Zorrilla Fullaondo is the new president of Scotiabank Mexico
November 12, 2014 by
The appointment was made on October 24 at a meeting of the board of directors of Scotiabank Mexico, which also proposed Guillermo Babatz Torres (ex-head of the Mexican Securities and Banking Commission, or CNBV), to replace James Meek as chairman of the board, subject to approval by shareholders.
Amafore seeks more active role in processes and self-regulation
November 12, 2014 by
Carlos Noriega (photo) said the pension manager association is proposing, along with other missions, it be more involved in pre-approving ETFs for their eventual sale to Afores, a task currently in the wheelhouse of the pension regulator, the Consar.
Banamex awards new commodity mandate to three top global firms
October 30, 2014 by
The awarding of the mandate, as well as its size, is dependent upon the final design of the investment guidelines being drawn up by the Consar, Afore Banamex and the winners of the mandate.
Amafore: Pension-fund investment regime not a legislative matter
October 27, 2014 by
Carlos Noriega Curtis, president of the Mexican pension fund association, the Amafore, is proposing that the Retirement System Law (SAR) be amended to delegate to the Consar all decisions regarding the Afores' investment regime.
Private pension plans stalled by 2013 tax reform
October 22, 2014 by
Data from the Consar indicates the total number of corporate pension plans fell by 2.4% in 2014, compared to average annual growth of 10% per annum, as tax incentives for these vehicles were weakened.
The three active Mexican Afore mandates are all with Banamex
October 22, 2014 by
With the mandate of up to USD 360 million to Pioneer, the Mexican pension industry now has three active mandates, all with Afore Banamex, totaling USD 1.2 billion.
Banamex CEO steps aside in wake of scandal
October 10, 2014 by
Javier Arrigunaga, the bank’s chief executive, is stepping down “in light of the difficult challenges our franchise in Mexico has faced over the past year,” Banamex chairman Manuel Medina-Mora announced.
Consar discloses plans to speed up mandate process
September 30, 2014 by
Consar President Carlos Ramírez Fuentes (photo) is convinced that mandates are a tool the Afores should be using more. He told Fund Pro Latin America that the pension regulator is doing its best to speed up the mandate process.
